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Fly News Breaks for June 13, 2019
Jun 13, 2019 | 08:45 EDT
Northland analyst Greg Gibas assumed coverage of Global Eagle Entertainment with an Outperform rating and a $1.50 price target, down from the $4.75 price target that the firm's prior analyst had on the stock. He continues to find value in the company's growing Connectivity and Content segments, though Gibas acknowledges that Global Eagle shares are trading "at distressed levels."
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